...business world operates among our everyday lives. Since I started studying Business & Management, the complexities of the business industry have become more clear, the way it is forever changing and adapting to create more paths to success is becoming our future. I realise that not just academic understanding is needed but motivation, creativity, hard work and calculated risks are what is needed to develop. The world in which we live is increasingly under the thumb of businesses, so ofcourse I want to consist in the most powerful collections of people, what could be more captivating? ”Being able to study Business and Management on a high level has allowed me to apprehend the way companies operate to a much higher level/standard of understanding. I was highly interested throughout the whole Business and Management course, but in particular I enjoyed the financial management, it allowed me to use my mathematical skills. My keen interest and enjoyment in financial management has encouraged me to pursue a career in the Business industry. During Economics I have learnt about the structural role Economics play in our lives, how goods are priced and how the laws of demand and supply determine quite everything that we do. Studying Economics has also given me knowledge of how business development works and how the choises a company makes will determine whether a company is likely to succeed or almost certainly will fail. My enthusiasm for Psychology will aid me on my way...
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...statistical units in various government departments take care of specific-purpose statistics and provide necessary support in the application of statistics. Generally speaking, the whole work of C&SD can be classified into three categories: 1) Conducting statistical surveys and operating statistical systems for the production of social and economic statistics including data series on such areas as population, external trade, commerce and industry, labour, prices, national income and Balance of Payments; 2) Performing statistical analysis and disseminating statistical data and analytical results; and 3) Providing consultation and support services on statistical matters to various government departments. And the mission of C&SD is 1) to provide adequate, relevant, reliable and timely statistics to facilitate research, discussion, planning and decision making within the government and in the community; 2) to ensure that the compilation and dissemination of statistics are in accordance with scientific principles, professional ethics and international standards; and 3) to promote a user-based culture, ensuring that users can obtain effective and convenient services. Now there are around 3,000 people working for C&SD. Since it is a relatively large department, C&SD is organized into five divisions: a. Economic...
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...reading “New Ideas From Dead Economists” I came away with a different perspective not only on Economics as a whole but also on economists. I found it very interesting that the fiber that made the human being also contributed to the profound ideas of each specific economist and helped form our current understanding of economics. Starting with Adam Smith, in his approach to write a book in “his spare time” gave a full and thorough perspective on the world. For example, when he suggested that people are not motivated only by self-interest but just that they are the most powerful and consistent compared to kindness, altruism or other noble motives. I found it interesting how he examined the way people were and not how he wanted them to be and then he based his theories off of that concrete evidence. I had always thought that Adam Smith believed more like Gordon Geiko that “Greed is good”, this book helped me see that self-interest is simply the most consistent of motivators.. Another economist that I found rather compelling was Maynard Keynes. The simple fact that he struggled to stay out of debt and had creditors coming after him constantly made me chuckle as I imagined this had a big impact on his ideas and theories. I understand better the Keynes theory now and realize that “we are all Keynesian” in a way. One thing I never understood before was how politicians could campaign on spending money without promises to pay it back. This section of the novel helped me understand...
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...he is and to also get a better understanding of the origin and nature of his works. In doing so I found out that Paul Stoller is an anthropologist was has been conducting research for about 30 years. His studies of West African immigrant in New York started in 1992, which has resulted in involving topics like the cultural dynamics of informal market economies and politics of immigration. His work has resulted in 11 publications which are widely read and recognized. ("Anthropology & Sociology) In this article Paul Stoller investigates the effects that evolution has on African Art. He starts with a scene set at The Ney York International Tribal Antiques Show at the Seventh Regent Armory on Park Avenue. As he highlights that African Art has been altered in the way the Western World perceived the art to be, he continues to provide evidence that indeed economic and social forces of globalization has changed the world of art. “There is a vast and varied literature on the social and economic impact of the globalization. Several analysts argue that globalization has fundamentally altered the nature of cultural processes, political dynamics and social interaction.” (Stoller 209) After reflecting on this statement, I believe that the Western World interpretation of the art may have predicted the way in which people interacted with African Art. Because African Artists, in most cases, did not have the chance share their story, the true sense of the arts was lost. The purpose of African...
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...I believe that global awareness appeals to me more than the others, because of the field I would like to peruse and my experiences. According the Merriam Webster dictionary, being aware is defined as “having or showing realization, perception, or knowledge". The globally aware person has the knowledge, competencies, values, and dispositions to act in an informed manner, demonstrate empathy, engage in effective intergroup communication, and build community across social, cultural, political, environmental, geographic, and economic boundaries. My mother and I immigrated to the United States from Peru. The fact that we were not born here leads me to understand the global implications of a saying, or a song or even a joke. Further enforcing my understanding of global awareness is my Step-Father. He is in the US Army and works in Army Acquisitions Foreign Military Sales. I see him work with a multitude of foreign governments which help me understand that we are in a global economy and when something happens in the world it can and most likely will affect the global economy. It is important for me to develop myself as a professional and as an individual with awareness or knowledge of how my actions will affect my future, the future of others, my community, country and ultimately the entire planet. I believe that the more aware we become, the less we will be subject of behaving in a way that will negatively affect others. You do not have to look to far in history to see...
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...Running Head: MACROECONOMICS TERM PAPER 1 Macroeconomics Term Paper MACROECONOMICS TERM PAPER 2 Abstract Using the required United States economic indicators the federal government uses to guide the economy, I researched and analyzed each indicator by comparing the data from 2010 to that of 2011. Even though a large number of economists are optimistic, my opinion is that while recovery is progressing, the pace at which we are moving is not fast enough to rejuvenate consumer confidence. Based on what I have read and have learned in the classroom over the last few weeks, I am even more concerned for our future than I was before I started to learn the world of economics. The comparisons of the economic indicators paint a very dismal picture to me. MACROECONOMICS TERM PAPER 3 Gross Domestic Product After learning what the Gross Domestic Product (GDP) is, I better understand the data I researched. Based on what I read on the Bureau of Economic Analysis website, Table 1 – Real Gross Domestic Product and Related Measures, the Gross Domestic Product for June of 2010 (Q3) was 2.5 percent compared to the Gross Domestic Product of 2.0 percent, only a year later in June of 2011 (Q3); a deficit of .5 percent between the two years. The periods...
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...to globalization is that it helps countries’ economies to grow. If one countries’ economy grows, it is said that the growth spreads to neighboring countries which in turn spread to other neighboring countries so much that they start to grow dependent on each other. In contrary to that, a con of globalization is if one country goes into a recession, its neighboring countries will follow and it will continue to spread to other neighboring countries and so on and so forth. (Pros and Cons of Globalization) So globalization in the spreading of economic status has both its ups and downs. I feel that this controversy is a wash. To grow as a country, you have to be able to take the risk that your country may suffer as well. One day your country could be doing fine, and the next day your economy could be going right down the toilet. I think eventually countries will have to take this risk if they want to grow economically and financially as a whole. Some also argue that globalization will create jobs, increase the competition between companies, and at the same time, lower product prices for the consumer. (collins, 2010) Free trade supports countries specializing in manufacturing what they make best, increasing the quality of the item. The competition between companies and all the inexpensive imports countries receive keep down the risk of inflation. Others say globalization is taking jobs away from richer countries, such as the United States. Already millions of people have...
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...Reflection This project has been enjoyable and it has taught me the essence of Globalisation. Each picture that has been has been pinned onto the board has taught me something new and interesting, like the fact that the whole world is able to comes together for one event such as the Olympics. In order to represent the Economic factors of globalisation, I used the brand Nestle because it is a company that has gained success throughout the world. This has allowed it to create factories in many countries which creates jobs and allows for economic growth. Further, the wide range of products that it creates, such as baby food, confectionary and weight loss products, appeals to a wide range of consumers and allows the company to further grow and develop. The image that I have chosen represents one such product that is targeted at people aiming to lose weight. In regards to the Process of Globalisation, I used a picture of a ship, truck, train and plane to represent some of the different types of transport there is. Another image I used was a picture of a koala and a panda with a boat in between, symbolising the two countries (Australia and China) undergoing exchange of money and goods. For technology I designed a phone on which were depicted the most popular current apps which help brings the world together such as Facebook and Skype and Instagram, all three examples of globalised social media. Further, I used several maps to represent the points that I am trying to bring across...
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...Rethinking the Social Responsibility of Business From Reason (October 2005) Making Philanthropy Out of Obscenity -Milton Friedman By pursuing his own interest [an individual] frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. -Adam Smith, The Wealth of Nations The differences between John Mackey and me regarding the social responsibility of business are for the most part rhetorical. Strip off the camouflage, and it turns out we are in essential agreement. Moreover, his company, Whole Foods Market, behaves in accordance with the principles I spelled out in my 1970 New York Times Magazine article. With respect to his company, it could hardly be otherwise. It has done well in a highly competitive industry. Had it devoted any significant fraction of its resources to exercising a social responsibility unrelated to the bottom line, it would be out of business by now or would have been taken over. Here is how Mackey himself describes his firm's activities: 1. "The most successful businesses put the customer first, instead of the investors" (which clearly means that this is the way to put the investors first). 2. "There can be little doubt that a certain amount of corporate philanthropy is simply good business and works for the long-term benefit of the investors." Compare this to what I wrote in 1970: "Of course, in practice the doctrine of social...
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...peaceful protest allowed the public speaking through protesting on the topic of the evils of big corporations and the explanation of how these big corporations, Globalization, The World Trade Organization (WTO) and the international Monetary Fund (IMF) are exploiting workers all around the world. One speaker alluding to “sweat shops” particularly caught the attention of the author by exclaiming, “Who made your T-Shirt”? This statement sparked Rivoli’s intrigue that is a great use of foreshadowing for what the story will lead to. The traveling of thousands of miles and across multiple continents to find out “who” really did make these shirts. We all wear our everyday cotton “tee’s” without giving a second thought about the journey each T-Shirt had to go through in order to make it here to the United States. This sets the foundation for the rest of the book and explains its purpose. The first stop in this journey isn’t on foreign soil where I expected the book to lead off, but rather here in the Continental United States at the Reinsch Cotton Farm in Smyer, Texas. Having served with many people from Texas, people often make claims about the greatness of this massive state; however, cotton production has never been one of the claims. This first stop along the T-Shirts journey came as a huge surprise to me and it was even more of a surprise when I discovered the Reinsch Cotton Farm competes with farmers from so many...
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...and healthy, but also how our economic and social systems should as well. But what exactly is sustainability? Perry and Eweje (2011) explain in their book, Business and Sustainability: Concepts, Strategies and Changes, “Sustainability consists of actions that extend the socially useful life of organizations, enhance the planet’s ability to maintain and renew the biosphere and protect all living species, enhance society’s ability to solve its major problems, and maintain a decent level of welfare and personal freedom for, present and future generations of humanity” (p. 9). This is a very loaded definition of the word, but to put it simply, sustainability refers to the actions that humans can take that will ensure the health and wellness of our economic, social, and environmental communities. At such a tumultuous time in human history, achieving sustainability has never been more difficult, or more necessary. Our carbon emissions are destroying the planet, many people around the world live and work in unjust environments, and economic troubles have affected billions of people. There are ways to fix these problems, however. Not any one organization or government is responsible for this shift, we all have a duty to create sustainable systems that will ensure our own and future humanity’s survival and prosperity. In this paper, I will be discussing the three main pillars of sustainability (economic, social, and environmental) and how they relate to me as an individual, the business...
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...Introduction: Economics has become an increasingly significant part of contemporary life. Regardless of the daily expenditure of our life or the allocation of the social wealth, all this affairs related can be explained by the economics and the functions of economics are playing the essential role. The essay is aimed to define the economics and discuss how we can use economics in our future career or daily life. What is economics Professor Israel Kirzner in The Economic Point of View points out that even among professional economists, there are ‘a series of formulations of the economic point of view that are astounding in their variety’. Many people feel that they are generally familiar with economics. However, if what the economics is asked, people will find that it is difficult to define the subject. After all, economics is more than money. As Mankiw mentioned in his book, economics is a study of mankind in the ordinary business of life, it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of well-being. More generally, economics is the science which studies human behavior as a relationship between ends and scarce means which have alternative uses, and scarcity refers to the limited nature of society’s resources. That is to say, economists not only study the consumption determination and investment portfolio, but also pay attention to the results that led by the consumption...
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...The Reader’s Digest condensed version of The Road to Serfdom The Road to Serfdom FRIEDRICH A. HAYEK The condensed version of The Road to Serfdom by F. A. Hayek as it appeared in the April 1945 edition of Reader’s Digest The Institute of Economic Affairs First published in Great Britain in 1999 in the ‘Rediscovered Riches’ series by The Institute of Economic Affairs 2 Lord North Street Westminster London sw1p 3lb Reissued in the ‘Occasional Paper’ series in 2001 This condensed version of The Road to Serfdom © Reader’s Digest, reproduced by kind permission The Road to Serfdom is published in all territories outside the USA by Routledge. This version is published by kind permission. All other material copyright © The Institute of Economic Affairs 1999, 2001 Every effort has been made to contact the copyright holders associated with this edition. In some cases this has not been possible. The IEA will be pleased to include any corrections in the next edition. All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored or introduced into a retrieval system, or transmitted, in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), without the prior written permission of both the copyright owner and the publisher of this book. A CIP catalogue record for this book is available from the British Library. isbn 0 255 36530 6 Many IEA publications are translated into...
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...University of the Philippines Lahug, Cebu City The World is Flat Book Review by Thomas Friedman Submitted by: Angelique Kay G. Consular Submitted to: Ms. Mae Claire Jabines Chapter Summaries Chapter One: While I Was Sleeping The first chapter begins by illustrating Friedman's disclosure that the world is flat. It sets forward on his visit to Infosys Technologies Limited in India, where he go on foot with Discovery Times. Friedman is inspired by the grounds' propelled innovation, for example the glass-and-steel edifices and huge even screen Tvs. The organization's CEO, Nandan Nilekani, tells Friedman that the global competitive field seems to be leveled and that that the world is being flattened. From this, we can see that a "flat" world is one in which the "playing field" on which companies contend is presently level. It is one in which companies from different nations can compete with each other on an equivalent basis. Friedman breaks down Globalization into three (3) eras. The first is from 1492-1800, which he calls Globalization 1.0 and it shrink the world from large to medium. Its dynamic force is countries — how much physical strength your country has and how creatively you can move it into action. The second is from 1800-2000, which he calls Globalization 2.0 and creates a small world. It is about the multinational companies. As Friedman argues, we are now in the Globalization 3.0 period where in the world shrinks from small to tiny, flattening to such a...
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...applied)” | Personal Learning Journal Part A: With the development of globalization, the required of abilities in a team or group is increasing day by day. It is the field where professional skills occurred more and more necessary. So what is the globalization? It is defined that as an appearance during human society’s development. Globalization often refers to the growing worldwide relations, and human life on the basic of global scale development. In other word, it is the rise of global consciousness. (Pieterse J N, 2009) A large amount of countries interdepend in the political, trade, culture and economic. Globalization of the world can also be regard as a global compression and as a whole. After the 1990s, individuals pay more attentions to the effect of globalization of the world on the human society, while many researches of political, educational, social, economic and cultural are booming. As a consequence, during this...
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